LiveMore Capital has entered into a partnership with L&C Mortgages.
LiveMore Capital specialises in interest-only mortgages for borrowers aged 55 and over, offering fixed rate products ranging from five years to lifetime, up to 75% loan-to-value (LTV).
Through the partnership, members of L&C Mortgages will be provided with access to LiveMore Capital’s range of products.
David Hollingworth, associate director at L&C Mortgages, said: “The demand from older borrowers is only likely to increase over time and we feel that retirement interest only is an important option for these customers.
“LiveMore’s innovative and flexible approach will add more choice for our advisers in finding the right solutions for our customers.
Green mortgages: Nationwide latest lender to offer cashback
thisismoney.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisismoney.co.uk Daily Mail and Mail on Sunday newspapers.
However, analysis by the Guardian has found that single buyers in their 30s on the UK median wage will still be locked out of buying a home in about half of local authority areas in England and Wales.
Although two salaries will make it easier to raise a large mortgage, those on the UK median earnings for that age group will be unable to afford to buy a home in all of London and parts of the south and east.
The analysis looked at the cheapest types of property available in each local authority area, typically a flat or terrace house, and used median prices for those and median earnings for borrowers in their 30s. Official figures put the average age of a first-time buyer at 32.
Buy-to-let ratings survey: Lenders of rank
This year’s first buy-to-let lender survey rates those still making things happen in these difficult times. Natalie Thomas reports
By Natalie Thomas 14
Panel:
Ying Tan, founder and chief executive, Dynamo for Intermediaries
Matt Hardman, director, The Buy to Let Broker
Aaron Strutt, product and communications manager, Trinity Financial
Matthew Hillyer, associate director, Largemortgageloans.com
Liz Syms, chief executive officer, Connect Mortgages
David Hollingworth, associate director of communications, London & Country
Pete Mugleston, managing director, Online Mortgage Advisor
Jonathan Clark, mortgage partner, Chadney Bulgin
Greg Cunnington, director of lender relationships and new homes, Alexander Hall
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